Lab Automation Market Forecasted to Reach Huge Growth by 2031 | Key Players -Thermo Fischer Scientific, Tecan Group, Siemens Health Care, Roche Holding AG

DataM Intelligence has released a new research report on the Lab Automation market. The report provides a detailed analysis of current and emerging trends, offering insights into the market dynamics. It utilizes Porter's Five Forces model to assess key factors such as supplier and customer relationships, risks from various agents, competitive intensity, and opportunities for new entrants. The study also includes research data from various companies, analyzing factors like benefits, gross margins, and strategic decisions in the global market. The report is enriched with tables, charts, and infographics for a clear presentation of the findings.

The Lab Automation Market is anticipated to reach at a high CAGR during the forecast period (2024-2031).

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Lab automation refers to the use of technology and equipment to automate laboratory processes and workflows, enhancing efficiency, accuracy, and reproducibility in scientific research and testing. This can include automated systems for sample handling, processing, analysis, and data management. Lab automation technologies encompass a range of devices, such as robotic arms, liquid handling systems, analyzers, and software applications designed to streamline repetitive tasks, minimize human error, and increase throughput. The implementation of lab automation improves productivity, enables high-throughput screening, and supports complex experiments while ensuring compliance with regulatory standards. It is widely used in various fields, including pharmaceuticals, biotechnology, healthcare, and environmental testing.

List of the Key Players in the Lab Automation Market:

Thermo Fischer Scientific, Tecan Group, Siemens Health Care, Roche Holding AG, Qiagen NV, Perklinelmer Inc., Hamilton Robotics Inc., Agilent Technologies, and Beckman Coulter Inc.

Key Developments:

On May 2, 2018, Agilent Technologies announced a definitive agreement to acquire Genohm, a company that develops software solutions for laboratory management. Genohm's flagship product, the SLIMS laboratory automation suite, offers an information management system, laboratory information management system (LIMS), and an electronic lab notebook (ELN) environment, which are utilized in biobanks, research laboratories, and next-generation sequencing facilities.

On August 8, 2018, Roche Diagnostics launched the VENTANA DP 200, a high-speed slide scanner designed for digital pathology. The DP 200 has received approval from the Ministry of Food and Drug Safety and features a tray-type design that eliminates the need for manual slide handling, thereby reducing scanning errors and enhancing the stability of equipment operation.

On March 1, 2018, Thermo Fisher Scientific introduced the inSPIRE vertical modular robotic platform, designed to accommodate multiple instruments in a space-saving solution. This product provides intuitive control for all integrated systems, both online and offline, and utilizes the Thermo Scientific Spinnaker XT robot. The platform operates using the company's Momentum software, enabling users to define, execute, and monitor multiple workflows through a single interface.

Research Process:

Both primary and secondary data sources have been used in the global Lab Automation Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Lab Automation Market:

By Product Type: Automated Liquid Handling Systems, Microplate readers, Automated Storage and Retrieval Systems and Others

By Application: Drug Discovery, Clinical Discovery, Clinical Diagnostics, Genomics Solutions

By End-User: Pharma and Biotech Companies, Diagnostic Laboratories

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Regional Analysis:

➣ North America (US, Canada, Mexico)

➣ Europe (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)

➣ Asia-Pacific (China, India, Japan, Australia, Rest of Asia Pacific)

➣ South America (Brazil, Argentina, Rest of South America)

➣ Middle East and Africa

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Lab Automation market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Lab Automation Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Lab Automation market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Lab Automation Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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The Research Report Offers Answers To The Following Questions:

☛ What is the expected growth rate of the global market for the forecast period?

☛ What are the key driving factors that are responsible to shape the fate of the Lab Automation market during the forecast period?

☛ What will be the overall size of the market during the analysis period?

☛ What are the prominent market trends which influence the development of the Lab Automation market across various regions?

☛ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

☛ What are the challenges and threats that are likely to act as a barrier to the growth of the Lab Automation market?

☛ What are the major opportunities that the companies can get to attain success in the world?

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